Under current pension systems, a teacher switching to a different career after five years leaves with virtually nothing in retirement savings. (educationnext.org)
Nor should an additional year of work reduce pension wealth, as is the case in current pension plans after a certain point in time, often at relatively young ages. (educationnext.org)
More than half of current pension contributions are required simply to pay down the pension debt instead of for new benefits for current workers. (professorbainbridge.com)